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Ruling the regulatory kitchen

Whether making food or rules, Tim Massad, chairman of the US Commodity Futures Trading Commission, has an uncompromising belief that the final product must serve its intended purpose well.

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'The challenge is to implement these rules that bring it out of the shadows, that bring transparency, that allow us to monitor and mitigate risk and provide inside reporting on what's going on, while at the same time making sure that it serves the real economy.' - Mr Massad on the derivatives market.

WHEN it comes to fundamental principles, Tim Massad the cook is not so different from Tim Massad the regulator.

Both share an uncompromising belief that the final product must serve its intended purpose well. Just as food must taste good, rules must accomplish what they were meant to do

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